https://www.taxtmi.com/caselaws?id=330974 The Tribunal dismissed the appeal after considering issues related to contradictory findings on undisclosed business transactions, the application of peak theory for unexplained cash credit, rejection of peak theory in favor of asset expenditure theory, and adverse directions by Ld. CIT(A) without show cause. The decision upheld Ld. CIT(A)'s reasoning, sustaining additions based on asset expenditure theory and dismissing the appeal on procedural grounds. en-us Mon, 27 Jun 2016 00:00:00 +0530 Wed, 10 Aug 2016 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330974 The Tribunal dismissed the appeal after considering issues related to contradictory findings on undisclosed business transactions, the application of peak theory for unexplained cash credit, rejection of peak theory in favor of asset expenditure theory, and adverse directions by Ld. CIT(A) without show cause. The decision upheld Ld. CIT(A)'s reasoning, sustaining additions based on asset expenditure theory and dismissing the appeal on procedural grounds. Case-Laws Income Tax Mon, 27 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330974